Hi,
I have a home in one City and its under construction. I will be completed in May 09.
I am staying in my own house for which we dont have any loan.
Can I claim the housing loan for house which is under construction?
Menu
claim housing loan
Replies (3)
yes u can claim deduction as it is a interest on pre construction period
as ur home will be completed on may 09 (assuming u ve not repaid any instalment )
Any interest upto 31.03.2009 will be treated as pre construction interest and u can claim deduction in 5 equal sums starting from the AY 2010-2011.
u can claim deduction as it is a pre construction perid
Any interest up to 31.03.2009 will be allowed as deduction in 5 equal instalments starting from the AY 2010-11
and any interest for the current year from FY 2009-10 (AY 2010-11) will be allowed as deduction in the same year.
Ya u r absolutly right biswajit
Recent Threads
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
Related Threads
CAclubindia
